Introduction To MFMA For Beginners | Municipal Finance Management Act 56 Explained
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- Опубліковано 25 чер 2024
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Municipal Finance Management Act or MFMA is a South African legislation which aims to modernize budget, accounting and financial management practices by placing local government finances on a sustainable footing in order to maximize the capacity of municipalities to deliver services to communities.
It also aims to put in place a sound financial governance framework by clarifying and separating the roles and responsibilities of the council, mayor and officials.
Municipal Finance Management Act 56 of 2003 further aims:
(1) To secure sound and sustainable management of the financial affairs of municipalities and other institutions in the local sphere of government;
(2) To establish treasury norms and standards for the local sphere of government; and
(3) To provide for matters connected therewith.
Disclaimer:
This publication and the information included in it are not intended to serve as a substitute for consultation with a professional. Specific issues, concerns and conditions always require the advice of an appropriate professional advisor. The use of the contained information is at the user's own discretion.
Very informative, thanks
Thanks for the feedback. 🙏
very informative and helpful.
Thank you for the feedback. If you are interested in Public Administration, please check out some of the videos here ua-cam.com/channels/1t7LqbFtgtnzcSvRueICog.html
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Helpful
Thanks for the feedback. Glad it helped
Please can you do more on MFMA PLEASE
Which aspect of the MFMA would you like to see on our channel?